ADIB Rights Begin Trading on ADX as Bank Raises AED1.75 Billion

Shareholders on the register on the November 2 eligibility date received one right for every 34.14 ADIB shares they hold. Each right entitles the holder to subscribe for one new share at AED16.45. ADIB said in its announcement of the timetable that this price is a 28.8 per cent discount to its closing share price on August 24, 2026.

The bank plans to issue up to 106,383,000 new shares. That would raise its share capital from AED3.632 billion to up to AED3.738 billion. Shareholders approved the increase at a general assembly on October 6, and ADIB said the Central Bank of the UAE and the Capital Market Authority have given the required approvals.

The subscription period runs from November 10 to November 24, and the new shares are expected to start trading on ADX on December 18. Investors who buy rights in the market must also submit a separate subscription and pay AED16.45 for each new share they want, because holding a right does not subscribe them automatically. Shareholders who neither exercise nor sell their rights keep their existing shares, but their percentage ownership will fall once the new shares are issued.

ADIB is the sole receiving bank. Applications can be made through the ADX ePortal, at participating ADIB branches or, for the bank's own customers, through the ADIB mobile app using their existing digital banking login.

The bank says the money will strengthen its capital base for the next phase of growth under its Vision 2035 strategy. "ADIB is entering its next phase of growth from a position of strength," group chief executive Mohamed Abdelbary said in the statement. He added that the capital increase "further strengthens our ability to pursue those opportunities as we advance Vision 2035."

The raise comes during a busy period for UAE capital markets. International brokers and asset managers have been expanding their presence in Abu Dhabi, and the country's first IPO of the year has just been priced.